GOP house members and senators rip Medicaid cuts and booming deficits in tax bill as Trump says ‘The Bill is GREAT’

Quick Summary:

The House Ways and Means Committee named its package  THE ONE, BIG, BEAUTIFUL BILL’’ in all capital letters, a nod to Trump himself.

While Republicans insist they are simply rooting out “waste, fraud and abuse” to generate savings with new work and eligibility requirements, Democrats warn that millions of Americans will lose coverage.

Chip Roy, a member of the conservative House Freedom Caucus, warned the price tag could climb to $20 trillion, piling onto the deficits and debt.“I sure hope House & Senate leadership are coming up with a backup plan,” Roy posted on social media, “….because I’m not here to rack up an additional $20 trillion in debt over 10 years.

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Article Details

Author / Journalist: Lisa Mascaro, Kevin Freking, The Associated Press

Category: EconomyBusiness

Markets: United States

Topics: Deficit U.S. Senate Budget U.S. House of Representatives Republican Party Donald Trump Budget Deficit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 08:55:27 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1330 words

Reading Time: 8 minutes read

Sentences: 4 lines

Sentence Length: 333 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28669636

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